(Nasdaq:ACHN) Achillion Pharmaceuticals, Inc. Dips To New 52 Week Low

Achillion Pharmaceuticals, Inc. (Nasdaq:ACHN)

December 19th, 2018
Amidst falling markets Achillion Pharmaceuticals, Inc. finished Wednesday’s trading session down 15.90%, a $0.31 decrease to close on $1.64. As well as the drop in value, Achillion Pharmaceuticals, Inc. hit a new 52 week low of $1.62, breaking the previous low of $1.90 from earlier this month. Achillion Pharmaceuticals, Inc. bounced 21.60% between low and high. Despite the drop in value, trading volumes were solid at 248% of normal which can indicate investor opportunities.

ACHN was outperformed by the rest of the Healthcare sector which went down only 1.27%.

Market Sectors

Wednesday saw a downward swing in all sectors of the market with Consumer Discretionary seeing the biggest drop at 2.23% drop. Healthcare has seen the biggest year-to-date gain at 4.26%. The biggest loss this year has been the Energy sector falling 18%.

Sector Breakdown

  • Utilities went down with a -0.22% change.
  • Real Estate went down with a -0.91% change.
  • Consumer Staples went down with a -1.05% change.
  • Financials went down with a -1.24% change.
  • Energy went down with a -1.25% change.
  • Healthcare went down with a -1.27% change.
  • Materials went down with a -1.29% change.
  • Communication Services went down with a -1.71% change.
  • Industrials went down with a -1.91% change.
  • Information Technology went down with a -1.94% change.
  • Consumer Discretionary went down with a -2.23% change.

Achillion Pharmaceuticals, Inc. Info

Achillion Pharmaceuticals, Inc., a biopharmaceutical company, discovers, develops, and commercializes small molecule drug therapies for immune system disorders in the United States. Its lead drug candidate includes ACH-4471, an inhibitor of factor D that is Phase II clinical trials for patients with paroxysmal nocturnal hemoglobinuria and C3 glomerulopathy. The company is also developing ACH-5228, a factor D inhibitor that is in Phase I clinical trial; ACH-5548, a factor D inhibitor; and other factor D inhibitors. It has license agreements with GCA Therapeutics, Ltd and Ora, Inc., as well as a collaboration arrangement with Janssen Pharmaceuticals Inc. to develop and commercialize drug candidates for the treatment of chronic hepatitis C virus. The company was founded in 1998 and is headquartered in New Haven, Connecticut.

All amounts in USD unless otherwise indicated

ACHN daily update
ACHN daily update

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